Stagflation means slow economic growth, relatively high unemployment, ie economic stagnation, accompanied by rising prices, or inflation, and a decline in GDP – and it’s now looming over Britain, says David Brown. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

The spectre of stagflation could return to haunt Britain very soon

If country’s Q3 GDP data due out Thursday comes in softer than the 0.3pc gain expected, it would be less than half the rate notched up in the previous quarter

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Stagflation means slow economic growth, relatively high unemployment, ie economic stagnation, accompanied by rising prices, or inflation, and a decline in GDP – and it’s now looming over Britain, says David Brown. Photo: Reuters
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